Description:
The Senior Financial Analyst will be primarily responsible for supporting the Finance department from a financial and accounting perspective through month end close activities, including the presentation of financial information and providing reliable information and analysis, on a timely basis. Specifically, this position will lead the regulated and unregulated capital operations from a budget, forecasting and reporting perspective, provide guidance and support to junior staff and will be the main support for corporate taxes across all entities.
RESPONSIBILITIES & DUTIES
CAPITAL
- Ensure timely and accurate month-end close procedures, including preparation of journal entries, posting recurring and non-recurring accounting journals, and monthly account reconciliations in accordance with IFRS reporting standards;
- Prepare and maintain the Fixed Asset subledger, including preparation of fixed asset continuity schedules, capital expenditure reports and analysis (budget to actual comparatives) and all related reconciliations;
- Lead capital budgeting & forecasting process and assist with budgeting related activities;
- Lead monthly capital meetings with managers and executives;
- Prepare Project Monitoring Committee (Board Sub-Committee) report for Managing Director;
- Review various capital/non- capital billables related reconciliations on a monthly basis;
- Assist Distribution System Plan (DSP) capital team with annual budget preparation, forecasting and 5 year plan;
- Prepare all economic evaluations and close out of Subdivision related jobs;
- Oversee all capital retirements/disposals and book adjustments to Fixed Assets sub ledger as required;
- Run depreciation on monthly basis in Fixed Assets sub ledger;
- Reconcile Fixed asset module in Great Plains to GL Accounts;
- Lead for all capital inquiries for external, interim and year end audit;
- Prepare all regulatory filings related to capital;
- Review and approve all new jobs set up and job closures;
- Review and approve all fixed asset uploads to Fixed Assets module in Great Plains;
- Provide capital cash flow reporting on a quarterly basis to Manager, FP&A;
- Oversee all capital transformer adjustments as per IFRS and book adjustments as required;
- Review Overhead allocations (Store Inventory overheads, Labour overheads and Vehicle overheads) on a quarterly basis and true up as necessary;
- Prepare year end accruals for completed capital jobs;
- Ensure capitalization policy is followed and ensure all capital related documentation is updated on regular basis;
- Ensure complete understanding of OEB regulations and IFRS standards for fixed asset recording;
- Releasing Letter of credits as per project requirements;